FISCAL NOTE

Date Requested: February 08, 2017
Time Requested: 05:15 PM
Agency: Tax & Revenue Department, WV State
CBD Number: Version: Bill Number: Resolution Number:
1246 Introduced HB2111
CBD Subject: Professions and Occupations, Taxation


FUND(S):

General Revenue Fund

Sources of Revenue:

General Fund

Legislation creates:

Neither Program nor Fund



Fiscal Note Summary


Effect this measure will have on costs and revenues of state government.


    The stated purpose of this bill is to exempt certified professional estimator services from consumer sales and service tax. The bill provides a definition.
    
    This bill adds a new exemption for Consumers Sales and Use Tax for services provided by certified professional estimators. For purposes of this exemption, a certified professional estimator is a person who holds a certificate from the American Society of Professional Estimators and provides professional construction cost consulting services for residential, commercial, industrial or public works construction projects. Based on available data, the revenue loss to the General Revenue Fund would be less than $100,000 per year.
    
    Additional administrative costs to the Tax Department will be $2,000 in FY2018.
    



Fiscal Note Detail


Effect of Proposal Fiscal Year
2017
Increase/Decrease
(use"-")
2018
Increase/Decrease
(use"-")
Fiscal Year
(Upon Full
Implementation)
1. Estmated Total Cost 0 2,000 0
Personal Services 0 2,000 0
Current Expenses 0 0 0
Repairs and Alterations 0 0 0
Assets 0 0 0
Other 0 0 0
2. Estimated Total Revenues 0 -100,000 -100,000


Explanation of above estimates (including long-range effect):


    This bill adds a new exemption for Consumers Sales and Use Tax for services provided by certified professional estimators. For purposes of this exemption, a certified professional estimator is a person who holds a certificate from the American Society of Professional Estimators and provides professional construction cost consulting services for residential, commercial, industrial or public works construction projects. Based on available data, the revenue loss to the General Revenue Fund would be less than $100,000 per year.
    
    Additional administrative costs to the Tax Department will be $2,000 in FY2018.
    



Memorandum


    



    Person submitting Fiscal Note: Mark Muchow
    Email Address: kerri.r.petry@wv.gov